Phoenix, AZ 85016 Real Estate & Property Data

Phoenix, AZ 85016 Real Estate Market Trends
Last Updated: April 22, 2025

A total of 834 residential properties have been sold over the past 12 months in 85016. With a median sales price of $550,000 in 85016. Discover market trends and get the granular level real estate data for Phoenix, AZ 85016 to keep your pulse on the housing market. Curate compelling home reports for Phoenix, AZ 85016 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Phoenix, AZ 85016 Real Estate Market Trends
Total Residential Properties 13,349
Total Commercial Properties 902
Avg. Home Age (Single Family Home) 63 Years
Avg. Square Feet (Single Family Home) 1,969
Total 2025 Residential Sales (year-to-date) 136
% of Homes Seriously Underwater (Q2 2025) 1.03%
Total 2024 Residential Sales 746
% of Equity Rich Homes (Q2 2025) 39.02%
Effective 2024 Property Tax 0.48%
Total Foreclosure Filings (year-to-date) 1
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Phoenix, AZ 85016 Real Estate Overview

There were 834 residential properties sold in the past year in Phoenix, AZ 85016. The median home value in Phoenix, AZ 85016 is $558,646. There are a total of 13,349 residential properties in the 85016.

Median Sales Price i
$550,000
(Feb 2025)
year-over-year
y-o-y
  • February '25 Feb '25 $550,000
  • January '25 Jan '25 $675,000
  • December '24 Dec '24 $602,344
  • November '24 Nov '24 $651,800
  • October '24 Oct '24 $662,500
  • September '24 Sep '24 $675,000
  • August '24 Aug '24 $735,000
  • July '24 Jul '24 $675,000
  • June '24 Jun '24 $610,000
  • May '24 May '24 $699,000
  • April '24 Apr '24 $749,500
  • March '24 Mar '24 $672,500
Median Down Payment i
$104,000
(Feb 2025)
-39.9%
year-over-year
y-o-y
  • February '25 Feb '25 $104,000
  • January '25 Jan '25 $75,500
  • December '24 Dec '24 $161,250
  • November '24 Nov '24 $94,500
  • October '24 Oct '24 $82,500
  • September '24 Sep '24 $100,000
  • August '24 Aug '24 $142,500
  • July '24 Jul '24 $53,812
  • June '24 Jun '24 $60,500
  • May '24 May '24 $50,000
  • April '24 Apr '24 $182,500
  • March '24 Mar '24 $145,625
Number of Homes Sold i
76
(Feb 2025)
+13.4%
year-over-year
y-o-y
  • February '25 Feb '25 76
  • January '25 Jan '25 60
  • December '24 Dec '24 60
  • November '24 Nov '24 48
  • October '24 Oct '24 45
  • September '24 Sep '24 56
  • August '24 Aug '24 68
  • July '24 Jul '24 57
  • June '24 Jun '24 62
  • May '24 May '24 88
  • April '24 Apr '24 77
  • March '24 Mar '24 70
Number of Purchase Loans i
42
(Feb 2025)
+23.5%
year-over-year
y-o-y
  • February '25 Feb '25 42
  • January '25 Jan '25 44
  • December '24 Dec '24 35
  • November '24 Nov '24 29
  • October '24 Oct '24 36
  • September '24 Sep '24 39
  • August '24 Aug '24 37
  • July '24 Jul '24 31
  • June '24 Jun '24 39
  • May '24 May '24 42
  • April '24 Apr '24 38
  • March '24 Mar '24 46
Number of REFI Loans i
26
(Feb 2025)
+18.2%
year-over-year
y-o-y
  • February '25 Feb '25 26
  • January '25 Jan '25 27
  • December '24 Dec '24 17
  • November '24 Nov '24 20
  • October '24 Oct '24 28
  • September '24 Sep '24 27
  • August '24 Aug '24 17
  • July '24 Jul '24 23
  • June '24 Jun '24 26
  • May '24 May '24 3
  • April '24 Apr '24 23
  • March '24 Mar '24 18
Number of HELOC Loans i
11
(Feb 2025)
year-over-year
y-o-y
  • February '25 Feb '25 11
  • January '25 Jan '25 11
  • December '24 Dec '24 14
  • November '24 Nov '24 19
  • October '24 Oct '24 17
  • September '24 Sep '24 19
  • August '24 Aug '24 10
  • July '24 Jul '24 10
  • June '24 Jun '24 8
  • May '24 May '24 15
  • April '24 Apr '24 17
  • March '24 Mar '24 17

Phoenix, AZ 85016 Foreclosure Activity

Total Foreclosure Filings i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 1
  • December '24 Dec '24 1
  • November '24 Nov '24 4
  • October '24 Oct '24 3
  • September '24 Sep '24 N/A
  • August '24 Aug '24 7
  • July '24 Jul '24 5
  • June '24 Jun '24 6
  • May '24 May '24 1
  • April '24 Apr '24 2
  • March '24 Mar '24 1
Foreclosure Starts i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 1
  • December '24 Dec '24 1
  • November '24 Nov '24 4
  • October '24 Oct '24 3
  • September '24 Sep '24 N/A
  • August '24 Aug '24 7
  • July '24 Jul '24 5
  • June '24 Jun '24 6
  • May '24 May '24 1
  • April '24 Apr '24 2
  • March '24 Mar '24 1
Completed Foreclosures (REOs) i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 1
  • October '24 Oct '24 1
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
  • June '24 Jun '24 N/A
  • May '24 May '24 N/A
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
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